Two days later the SPX hit 1105.37 making a new high in 2009 and invalidating the bearish count I posted last weekend.
As much as I would like to show you a bullish long term count, I just can't find one. So, there are few bearish options left of which I like the Expanding Ending Diagonal in the C wave position the most. I don't really like it but the other ones are even more crap ; )
Concentrating on the long term picture I spotted a nice fractal: Intermediate (2) of Primary [A]/[1] looks very similar to the current rally since March. It doesn't match perfectly but especially the last four months are very similar.
To sum up, I'm waiting now for a lower low, i. e. an SPX below 1030 to go short. That would confirm the Ending Diagonal Scenario and also match the Intermediate wave (2) fractal.
Have a good week.
